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Thomas Jones

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It seems to me that the stock market and the regular market (Wall Street as opposed to Main Street) is a shadow economy. How can the stock market be seeing record profits when the real ecomony is still in the tank, companies are still laying off people, and people are still without jobs? The answer I think, in part, is that the reason these companies are hitting record stock prices is precisely because they are laying off people and downsizing. They are saving a lot of money instead of making money, which they pour into their stock prices (hence the market is inflated) or that is to say, they are making money by doing these things rather than truly attracting new customers.